Answer the four questions as below:
1. identify and explain the five forces that underlie Porter’s five forces model of competition. (~650 words)
2. Use the Theme Park industry in Hong Kong (Ocean Park or Disneyland) to explain how the five forces affect the industry’s profit potential. (~650 words)
3. What is value chain analysis? What does a firm gain when it successfully use this tool? Illustrate with the e.g. (~800 words)
4. Explain the VRIO framework.cDiscuss jow to apply the framework for identifying a firm’sccompetitive advantage. (~800 words)
